Amazon.com (NASDAQ:AMZN) had its price target increased by KeyCorp from $285.00 to $325.00 in a research report report published on Monday, MarketBeat reports. KeyCorp currently has an overweight rating on the e-commerce giant’s stock.
AMZN has been the subject of a number of other reports. Cantor Fitzgerald raised their price target on shares of Amazon.com from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a report on Friday, April 10th. Stifel Nicolaus cut their price objective on shares of Amazon.com from $300.00 to $294.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Monness Crespi & Hardt reduced their target price on shares of Amazon.com from $300.00 to $280.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $265.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.30.
Check Out Our Latest Stock Report on AMZN
Amazon.com Stock Down 0.9%
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. During the same quarter in the previous year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com will post 7.76 EPS for the current year.
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the transaction, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 93,186 shares of company stock worth $19,921,739. Insiders own 10.80% of the company’s stock.
Hedge Funds Weigh In On Amazon.com
Several institutional investors and hedge funds have recently modified their holdings of AMZN. Fairway Wealth LLC grew its stake in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares during the period. Sellwood Investment Partners LLC acquired a new position in Amazon.com during the third quarter worth $27,000. MilWealth Group LLC lifted its holdings in Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after purchasing an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $45,000. Finally, Elkhorn Partners Limited Partnership grew its position in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Key Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon agreed to invest now and potentially up to $25 billion in Anthropic, while Anthropic committed to spend more than $100 billion on AWS over the next decade (including up to 5GW of compute). This is a large, multi-year revenue pipeline for AWS and strengthens Amazon’s position in the AI infrastructure race. Anthropic takes $5B from Amazon and pledges $100B in cloud spending in return
- Positive Sentiment: Wall Street responded: KeyBanc and Bank of America raised price targets (KeyBanc to $325, BofA to $298), highlighting expectations that Anthropic-driven AI demand will accelerate AWS revenue and justify higher valuations ahead of earnings. Amazon Bulls Get Fresh Ammo As Analyst Flags AWS, Retail Upside
- Positive Sentiment: Market reaction was immediate: shares jumped on the expanded Anthropic deal in after-hours trade, reflecting investor focus on durable, high‑margin cloud contracts and AI tailwinds for upcoming quarterly results. Amazon Stock Jumps On Expanded Deal With Anthropic
- Neutral Sentiment: AWS continues to expand product lines (example: Amazon Bio Discovery for drug R&D), which diversifies AI monetization paths but will take time to scale into material profit. This is constructive long-term but less immediately earnings‑sensical. AWS Launches Amazon Bio Discovery to Speed AI Drug Development
- Neutral Sentiment: Amazon’s satellite/Globalstar moves expand addressable markets (direct-to-device connectivity) but add near-term capital intensity—an investor tradeoff between strategic optionality and higher capex. Amazon (AMZN) Price Target Lowered As CapEx Expected To Peak
- Negative Sentiment: Regulatory/legal risk rose after California’s attorney general filed new court evidence alleging Amazon pressured brands to raise competitors’ prices — a high‑profile antitrust allegation that could mean fines, remedies, or business-model constraints if proven. California Accuses Amazon of Price Fixing in Legal Filing
- Negative Sentiment: Amazon pushed back publicly, calling the AG’s filing a distraction, but litigation uncertainty remains and could weigh on investor sentiment until the case resolves. Amazon Dismisses New Evidence in California Antitrust Suit
About Amazon.com
Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.
Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.
Further Reading
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